1、2015Annual ReportA Position of Strength1We strengthened our company in 2015.We face the future in solid position for growth.2Falling commodity prices severely challenged our industry in 2015.Still,MRC Global performed well and will emerge a stronger company.We focused on the things we can control.We
2、 continued to execute our long-term growth strategy,built our market share through superior customer service,and took measures to strengthen our balance sheet and maintain our financial flexibility.Not only are we braced against current conditions,we are positioned for future growth.34Years ago we e
3、mbarked on a strategy of organic growth,in which we would build our business by extending and expanding current contracts and winning new customers.We remained intensely focused on this strategy,and 2015 was no exception.For example,we signed five-year extensions with Phillips 66 and Marathon Oil,an
4、d we expanded our instrumentation contract with Statoil to also provide pipes,fittings and flanges for its largest offshore project in the North Sea.We also secured new utilities business contracts with Peoples Gas in Florida and New Mexico Gas.Our long-term strategy stands strong.In an atmosphere o
5、f contraction,we remain steadfast.5In 2015 our customers faced daunting challenges.We served them well and garnered market share.6Our goal is to become indispensable to our customers,and in 2015 we helped them succeed amidst market difficulties.We created delivery efficiencies to reduce downtime.We
6、sought lower manufacturing costs with no compromises to quality.We helped our customers manage and shorten lead times by working together during the project planning phases,which saves costs.Because of these efforts and others,our customers rewarded MRC Global with a larger share of their business.7